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1918
Fat Tails
Here is an ADXVMA port from NinjaTrader to MultiCharts.
I've built it as a function so you can use it in signals easily. The attached .pla MultiCharts file is both the function and the indicator.
I know that some NT users like to set the rising and falling plots to transparent so they are left with "shelfs" for the neutral plot. I tried, but there is apparently no way to do this in EasyLanguage. I've emailed MultiCharts for help.
close prices only - showing real time Support and Resistance through turning of the tape. Yellow dots for caution. Follow breaks of white consolidation zones preferably in direction of main wave. Also can use break of top or bottom of VMA band.
VMA Zones charts an upper and lower region on your chart using the VMA indicator. VMA (Variable Moving Average) adjusts to low volatility and high volatility periods automatically, by using the CMO for calculations.
You can use the VMA Zones as a "Kill Zone" (don't trade inside the zone), or you can use it as a trigger or confirmation when to enter or exit a trade.
You can go long once a full bar has closed above the upper line, and go short once a full bar closes below the lower line.
In the picture, this indicator is the shaded yellow zone on the top panel.